Insights
Market Ethos
Market Ethos
Land of the rising sun still shining
November 28, 2023. Market Ethos. Earnings expectations for Japanese equities have fallen 25% over the past year, while S&P 2024 earnings forecasts have come down…
Market Ethos
False start for inflation victory lap?
November 20, 2023. Market Ethos. This market rally may run out of steam, becoming more of a turkey rally (American Thanksgiving turkey, that is). Wouldn’t…
Market Ethos
Active versus passive debate: why not both?
November 13, 2023. Market Ethos. The debate between passive and active is not something new. There are strong arguments that can be made for both…
Market Ethos
Earnings, trick or treat?
October 30, 2023. Market Ethos. It appears that things are holding up or even improving from a U.S. earnings perspective. We’re encouraged so far, but…
Market Ethos
Thematic ETFs: proceed with caution
October 23, 2023. Market Ethos. A thematic ETF or fund that attempts to capture a faster-growing or exciting theme can be a good idea. But…
Market Ethos
This free lunch leaves a bad taste
October 16, 2023. Market Ethos. 2023's first half saw expectations of peak rates mostly plateau or stabilize. Bond/equity correlations were negative again, diversification worked, and…
Market Ethos
The crowding out effect
October 10, 2023. Market Ethos. Money supply has been shrinking, yields moved higher & credit spreads are rising. Financial conditions are tightening at an increasing…
Market Ethos
Yielding to yield
September 25, 2023. Market Ethos. It has not been a very kind September. Market performance may feel like the same dance, but there are key…
Market Ethos
Dividends on sale
September 18, 2023. Market Ethos. Dividends are historically less volatile, with good returns and some preferential tax treatment for Canadian qualified dividends.But what happens if…